Google is yet again investing in video. The boys at Mountain View are said to be close to acquiring a minority stake in music video site Vevo. The size of the proposed investment hasn't been made clear, but there is a potential fly in the ointment: Vevo is the viddy offspring of two major labels, Universal and Sony (with a little bit more of investment coming from Abu Dhabi Media), both of whom have had run-ins with Google before over content licensing.

The move is another pointer to how Google sees it can monetize its video assets. Last year, it upped its investment in some of YouTube's existing video channels—albeit, the ones that seemed to be working the best. The firm has also invested in gaming video site Machinima, to the tune of $35 million.